ALGOUSDT - Weekly LONG

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Algorand / TetherUS (BINANCE:ALGOUSDT)

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BINANCE:ALGOUSDT Algorand / TetherUS

doubletoporbottom cupandhandle trendline algousdt algorandusdt algotrading algolevels

This is a weekly technical analysis for educational purposes on ALGOUSDT. I believe that Algo will revisit the same levels and will be widely discussed during the altcoin bull season. I may be wrong. :)

Regards,

Komen:

Considering the global economic crisis, the technical recession in the United States, the suppression of gold and other commodities, the real estate and unemployment crisis in China, and the European Union countries' struggle with inflation, I believe that market makers (the bulls) may create a false FOMO (Fear of Missing Out) during the 2024 BTC halving period, potentially driving BTC to levels of perhaps 50K+ before ending the year 2024 around the 20-25K range. When we consider the global effects, the real bull season is likely to occur between 2025 and 2026.

Reaching 100K in Bitcoin by 2024 wouldn't make much sense if most people don't have the financial means. It's important to remember that patient wealthy individuals often capitalize on the impatience of those with fewer resources. (let's say poors with high dreams) Those with limited means may not have the capital to participate in the market for couple of years.

This is not "clever riches profits from the idiot riches game". Never was. I believe.

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